EvanBuck (99.85)

Perceptron's Still Looking Good to Me.

5

A few weeks back, one of my holdings, Perceptron (NASDAQ:PRCP), took a major thrashing after releasing an unexpectedly bad earnings report. Is this meltdown deserved, or should long-term investors buy in at a lower price point?

Let's examine the reason why the stock fell. Perceptron lost quite a bit of money in the last quarter instead of varying consensus estimates that predicted Perceptron would make a profit. However, if you dig into the details, Perceptron's quarterly loss was due to a one-time only event that won't eat into profitability into the future. As such, at the time of this writing the stock has recovered some of its former high (the $14) mark and is on quite an upswing. IMHO, there is no need to worry, Perceptron shareholders.

I got dumb lucky yesterday, and bought 1250 shares @ 13.86. Then I saw that PRCP had landed a big contract with a German Auto company. So it's either that or more insider trading around a takeover from the likes of DDD.